General Estate Planning

Keep Your Old Kentucky Home Safe From Creditors With Tenancy by the Entirety

Regular readers know that KYEstates takes a keen interest in the cat-and-mouse game of asset protection.  Before moving to Kentucky, your publisher lived in Massachusetts, and is, accordingly, a Red Sox fan.  This was back in the Bill Buckner era, when being a Red Sox fan was an exercise in persistence, not success.  So, your publisher [...]

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Choice of Residency – Kentucky Home or Sunshine State?

Readers, thank you for your patience. A tax season full of 1065s, 1041s, and 709s reduced posting frequency at KYEstates during the last two weeks. But we have been hard at work on something really good, something we hope will be quite useful. We’re proud to present our KYEstates Florida v. Kentucky residency planning chart. [...]

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Announcing the KYEstates Estate Tax Forecasting Contest

KYEstates readers, do you miss the halcyon days of 2003, when Howard Dean told us that “you have the power“? We can’t bring those days back, but we are happy to report that in 2010: You have the power…to let your own voice be heard about what is going to happen with the estate tax. [...]

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In re Chilton – Bad News for Creditor Protection for Inherited IRAs

As previously discussed in this post, KYEstates strives to provide fair and balanced coverage, so when we are biased, we will let you know.  To that end, we previously warned readers that we are biased in favor of the taxpayer.  (Apparently, when we made this (not-so-shocking) disclosure, the IRS noticed, because shortly afterwards we started [...]

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A Big News Day: Section 7520 Rate Stays Put, 10 Year GRAT Legislation, Gov. Beshear Signs HB 188!

KYEstates readers – this was a big day in the world of T&E.  Perhaps not epochal, but at least big. 1) Good news for procrastinators: although interest rates may be headed up, for April, AFRs are virtually unchanged from March levels, and the section 7520 rate has not budged.  For details, see Rev. Rul. 2010-11 [...]

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Who Will Read The 706 You File?

In any litigation matter, key questions include: “What’s discoverable?  What’s privileged?  What will the bad guys be able to find out?”  These same questions present in probate litigation and estate planning for potentially contested administrations.  If a client and the client’s advisors are planning for a contested administration, one option is to shift assets from [...]

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Forecasting the Fate of the Estate Tax

Today KYEstates is one month old!  The site has grown quickly, along with readership in the T&E Community and elsewhere — thank you, readers!  It’s a Friday in early springtime, so it’s already a good day.  Let’s make it even better, shall we, with a quick review of recent reports on the status of the estate [...]

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Estate Planning for the Virtual World

Joel Schoenmeyer publishes “Death and Taxes – The Blog“, and recently posted on an interesting article in Wired Magazine titled “Managing Your Digital Remains”. To be sure, all entrepreneurs solve problems, but only the really excellent entrepreneurs can grow profitable companies by solving problems you, the potential customer, didn’t realize you had.  In this instance, several start-ups [...]

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Vermont Author's Heirs Snarled In Estate Battle

 At the The Wills, Trusts & Estate Prof Blog, Gerry W. Beyer recently wrote an interesting post on the fiduciary litigation in the estate of the beloved late children’s author and illustrator, Tasha Tudor.  KYEstate$ readers who read to their children, or who were read to as children, may recall some of her titles, including [...]

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Red Ink Families in a Red Ink Nation

You never know what will happen when the mainstream press tries to cover estate planning.  Sometimes, good intentions go astray.  Other times, many column inches provide relatively little insight.  Once in a while, something useful is shared with the general public.  KYEstate$ isn’t sure what to make of this New York Times article from February 18: [...]

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